Description
NSE notifies trading of Rights Entitlements (BHANDA-RE2) for Bhandari Hosiery Exports Limited effective March 06, 2026, in the Trade to Trade segment under compulsory demat.
Summary
NSE has admitted Rights Entitlements (REs) of Bhandari Hosiery Exports Limited (Symbol: BHANDA-RE2, Series: BE) for trading on the Capital Market segment effective March 06, 2026. The REs are traded in the Trade to Trade segment under compulsory demat for all investors. A total of 192,008,857 REs are available, with ISIN INE474E20037.
Key Points
- Symbol: BHANDA-RE2 (Display: Bhandari Hosiery Exports Limited-RE)
- Series: BE | ISIN: INE474E20037
- Total Rights Entitlements: 192,008,857
- Market lot size: 1
- Trading is in the Trade to Trade segment under compulsory demat for all investors
- REs not subscribed or renounced by the Issue Closing Date will lapse and be extinguished
- Trading members must include a prominent disclaimer in contract notes/bills for RE purchases
Regulatory Changes
Admission of securities is made under Regulation 3.1.1 of the NSE (Capital Market) Trading Regulations Part A. Lot sizes are designated under Regulation 2.5.5 of the same regulations. No new regulatory framework is introduced; standard rights entitlement trading rules apply.
Compliance Requirements
- Trading members must inform all clients about the commencement of RE trading, including the ISIN (INE474E20037), and clarify that REs are not ordinary shares.
- Trading members must prominently display a disclaimer in contract notes/bills stating that purchasing REs only entitles the holder to participate in the rights issue or renounce the REs before closing; unacted REs will lapse.
- All RE trades must be settled in demat form; physical settlement is not permitted.
Important Dates
| Event | Date |
|---|---|
| Trading commencement | March 06, 2026 |
| Last day for renunciation of REs | March 16, 2026 |
| Date of suspension of RE trading | March 17, 2026 |
Impact Assessment
Existing shareholders of Bhandari Hosiery Exports Limited holding rights entitlements have a narrow 11-day window (March 06–16, 2026) to either subscribe to the rights issue or renounce their entitlements on-market. The Trade to Trade designation means no intraday netting is allowed, increasing settlement obligations for traders. With 192 million entitlements in play, the issue is large in volume; however, impact is primarily limited to existing shareholders and arbitrageurs active in the rights entitlement segment. REs that are neither subscribed nor renounced by March 16 will be extinguished, resulting in a permanent loss of value for holders who fail to act.
Impact Justification
Affects existing shareholders and potential investors in Bhandari Hosiery Exports Limited's rights issue; trading window is limited (March 06–16, 2026) and entitlements lapse if unacted upon, making timely awareness important.